UAE’s ADNOC Recently Eyed BP as Takeover Target, Sources say
The Emirati giant, Abu Dhabi National Oil Co., considered all options when looking at BP, including buying a big stake. This post appeared first on Hart Energy.
Read More...Genesis Energy Declares Quarterly Dividend
Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units. This post appeared first on Hart Energy.
Read More...AI Poised to Break Out of its Oilfield Niche
At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show. This post appeared first on Hart Energy.
Read More...April STEO – U.S. Electric Use to Hit New Record High in 2024/25
Once a month, the analysts at the U.S. Energy Information Administration (EIA) issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months or so. We sometimes poke good-natured fun at the EIA because their predictions go up in one month, and in…
Read More...Sierra Club Pressures Connecticut to Block Iroquois Compressor
As we told you earlier this week, the radicals who run the New York Dept. of Environmental Conservation (DEC) are gearing up to block the Iroquois Gas Transmission system from completing its Enhancement by Compression (ExC) project (see NY DEC Attempting to Use Draft Reg to Block Iroquois Compressor). The ExC project increases horsepower at…
Read More...PA Senate Passes Carbon Capture & Sequestration (CCS) Act
With the rapid increase in carbon capture and sequestration (CCS) projects around the country, including right here in the Marcellus/Utica region, a key issue has arisen. Where does one store (sequester) all that carbon dioxide (CO2)? The answer is underground in a Class VI injection well. Class VI wells are a relatively new classification for…
Read More...Kentucky Experiments with Replacing Sand with Fly Ash in Fracking
Kentucky, like West Virginia, is known as a coal state. When coal is burned it produces (among another things) a fine powdery substance called fly ash that must be disposed of. Fly ash is composed mainly of silica. Sand! Fly ash is often used to make concrete and cement products. Researchers at the University of…
Read More...Left Goes Crazy – Says 2 Years Left to Save the Planet from Warming
A large swath of rational-thinking people on Planet Earth reject the apocalyptic pronouncements of the left that the planet is burning to a cinder due to human activity. It’s a problem for leftist thugs who aim to control us. They try to use fear, but the threat that the planet is doomed if we don’t…
Read More...Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost
Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor. This post appeared first on Hart Energy.
Read More...Global Partners Buys Four Liquid Energy Terminals from Gulf Oil
Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general. This post appeared first on Hart Energy.
Read More...Svante CEO on Reducing ‘Friction’ in the Carbon Capture Marketplace
Svante President and CEO Claude Letourneau discusses the challenges — and progress made — with capturing carbon emissions with Jordan Blum, Hart Energy’s editorial director. This post appeared first on Hart Energy.
Read More...Political, Legal Fight Over Biden’s LNG Pause Intensifies
In 2021, states and the White House had a similar conflict over offshore oil and gas leasing rights. This post appeared first on Hart Energy.
Read More...Experts warn of “naive” LNG pause as House Hearing Highlights Education Ramifications
The indefinite U.S. LNG export pause by the Biden administration continues to raise experts’ eyebrows and spark reactions domestically and internationally. This week, JP Morgan CEO Jamie Dimon called the move “enormously naïve,” while a House Energy and Commerce field committee hearing highlighted the ban’s ramifications on education and workforce development. JP Morgan CEO Jamie
Read More...PA Slaps Equitrans with $1.1M Fine for 2022 Rager Mountain Gas Leak
In November 2022, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County (in Pennsylvania), began to leak. Equitrans is the owner/operator of Rager Mountain. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see Equitrans Gas…
Read More...CNX Close to Finishing $20M Water Line in Westmoreland County, PA
CNX Resources Corporation yesterday announced that it is nearing completion of its Kiski Water Line project in Westmoreland County, PA, which will serve the company’s local operational needs for drilling and fracking. The new water line, due to be done in June, will reduce the local impact of natural gas development (fewer truck trips), and…
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